Rakuten Group Second Quarter 2024 Earnings: EPS Misses Expectations

Rakuten Group (TSE:4755) Second Quarter 2024 Results

Key Financial Results

• Revenue: JP¥537.3b (up 8.1% from 2Q 2023).
• Net loss: JP¥33.6b (loss narrowed by 42% from 2Q 2023).
• JP¥15.63 loss per share (improved from JP¥32.27 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Rakuten Group EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 64%.

Looking ahead, revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Multiline Retail industry in Japan.

Performance of the Japanese Multiline Retail industry.

The company's shares are up 12% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Rakuten Group's balance sheet health.

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